The Finance Algorithm
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Construction Loan

For residential property construction or major renovation

Home loansRates on applicationLender updated 5 July 2026
Fees and pricing ↗

At a glance

Pricing
Rates on application

Fees

3 fees published, grouped by when they're charged.

  1. When you take it outUp to $2,5002 fees, each listed below
  2. While you hold itNo fee published
  3. When you close it or pay it off$495Discharge Fee

When you take it out2

  • Establishment Fee

    Multiple establishment fee structure available.

    1.00% of balance
  • Settlement Fee

    A fixed settlement fee is charged when the loan is settled.

    $2,500

When you close it or pay it off1

  • Discharge Fee

    Covers the administrative process for full or partial discharge of security, plus any legal fees.

    $495

Features

Guarantor optionDigital banking

Eligibility and limits

  • Minimum age 18
  • Available to individuals
  • Available to businesses
  • Amount $150,000 to $2,500,000
  • Loan must meet lending policy and criteria.
  • LVRs and pricing vary by location

Published by Rate Money Elevate under the Consumer Data Right, last changed by them on 5 July 2026. Figures are shown as the institution publishes them and can change without notice; confirm on their site before applying. The Finance Algorithm earns nothing from any product listed here.